Woongjin웅진

Woongjin's shares have fallen sharply over the past year, while its trailing profit is high mainly because of a one-off swing from earlier losses.

Woongjin is a holding company for the Woongjin Group with an IT services arm. Its trailing twelve-month figures to H1 2026 show revenue of about ₩1.28T and net income of about ₩132B, but 2025 net income of ₩121B and a 104.7% ROE sit on a small equity base with heavy borrowings of ₩776B against cash of ₩171B. The data does not explain the source of the profit jump, so the headline numbers should be read with care.

What stands out

• Trailing revenue is ₩1.28T with operating income of ₩147B and a 11.4% operating margin, up from 3.1% in 2024 and 6.8% in 2025.
• Net income swung from losses of ₩5B in 2024 and ₩25B in 2023 to ₩121B in 2025, and the data does not show what drove the swing.
• Liabilities are about 15 times equity, and borrowings of ₩776B far exceed cash of ₩171B.
• The share price is ₩1,645, down 57.2% over one year and 23.1% over three months, and the valuation model's base value of ₩12,917 is far above the market price.
• Recent filings include a bankruptcy declaration by a subsidiary on 19 June 2026 and several related-party transaction disclosures; no news headlines were provided.

What to watch

• Details of the subsidiary bankruptcy declaration and any effect on the group's debt and earnings, which the data does not describe.
• The next periodic results and whether operating profit holds up without a one-off gain.
• Ongoing related-party transaction filings and changes in foreign ownership, which fell from 6.4% to 5.8% over 60 days.